Target Partners, Zobito
About the Client
TIS (Treasury Intelligence Solutions GmbH) is the leading cloud platform for managing corporate payments, liquidity and bank relationships worldwide. The company delivers smart payments to help customers make better decisions. TIS enable companies to make more efficient, more secure and more cost-effective payment transactions. In addition, TIS enables customers to make better decisions when analysing financial and operational performance based on real-time payment flows.
About the Deal
GP Bullhound acted as financial advisor to TIS (Treasury Intelligence Solutions GmbH) on an investment round backed by Target Partners and Zobito. The company raised additional capital from existing investor Target Partners, who were joined by Zobito, a Swedish investor specialising in enterprise software. Zobito was founded by former QlikTech executives and provides significant experience in building global sales and marketing organisations. TIS will use the funds to continue expanding across Europe and developing additional cloud-based enterprise payment solutions.
TIS CEO Jörg Wiemer commented “The entrepreneurial experience from Target Partners has benefited our development significantly. In addition, Zobito’s team are experts in building global enterprise software organisations and creating sustainable growth.”
TIS CEO Jörg Wiemer commented: “We see a global mega trend towards cloud computing and SaaS solutions that benefits and will continue to benefit TIS.” Based in Walldorf, Germany, TIS is Germany’s leading cloud platform for managing corporate payments, liquidity and bank relationships. Founded in 2010, TIS has quickly been able to win several blue-chip clients such as Volkswagen, Dachser, Fujitsu, etc. “TIS not only wins new clients. Since our initial investment, the company has not lost a single customer.” stated Berthold von Freyberg, Partner at Target Partner. Before founding TIS, the three co-founders held various complementary leadership positions at SAP.
Jörg Wiemer continues “GP Bullhound has been extremely helpful during the entire process. The team has shown total dedication throughout and their close relationship with leading investors proved very valuable for the transaction.”
Julian Riedlbauer, Partner, GP Bullhound commented: “TIS is a very exciting business with strong early market leadership and various blue-chip clients. We see significant expansion potential with rapid growth for TIS in the future.”